Vietnamese goods losing market share to imports in home marketVietNamNet Bridge - Import tariffs of zero percent and the strong development of the foreign-invested retail chains have cleared the way for foreign imports to invade the Vietnamese market. Vietnamese goods are loosing domestic market share to importsA survey on Vietnamese high-quality goods conducted in 2017 showed that such goods were favored by 51 percent of consumers, while they were usually bought by 60 percent of consumers. Analysts commented that the rapid development of foreign-invested distribution networks is behind the increased presence of import products in the Vietnamese market. More Vietnamese goods have been weeded out from the shelves at supermarkets, while many manufacturers have raised their voice denouncing retailers, saying they are deliberately refusing to distribute their products. However, economists say the trade deficit may return at any time and the risk of foreign goods flooding the domestic market still exists.

Source: VietNamNet News February 18, 2018 02:37 UTC